Optimal production decision for a risk‐averse manufacturer faced with random yield and stochastic demand

DOI10.1111/itor.12483OpenAlexW2773608602MaRDI QIDQ6069768

Zhong Zheng, Shiming Deng

Publication date: 17 November 2023

Published in: International Transactions in Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/itor.12483

zbMATH Keywords

risk aversionstochastic demanddownside riskprofit targetrandom yield

Mathematics Subject Classification ID

Operations research, mathematical programming (90-XX)

Related Items (4)

Financing and ordering decisions in a capital-constrained and risk-averse supply chain for the monopolist and non-monopolist supplier ⋮ Investigating remanufacturing competition with yield uncertainty on market share, profit, and consumer surplus ⋮ Does uncertainty spread vertically? A theory of multilayer newsvendors under asymmetric information ⋮ Supply Chain Management of Marginal Cost-Intensive Green Products under Random Demand Model

Cites Work

• Integrated chance constraints: reduced forms and an algorithm
• An approach for strategic supply chain planning under uncertainty based on stochastic 0-1 programming
• Newsvendor models with dependent random supply and demand
• Supply chain coordination by risk sharing contracts under random production yield and deterministic demand
• Chance-Constrained Programming
• Random yield and uncertain demand in decentralised supply chains under the traditional and VMI arrangements
• Optimal Dynamic Trading Strategies with Risk Limits
• Lectures on Stochastic Programming

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